DOCTEUR ARCES: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DOCTEUR ARCES
Largest movements
- Tangible fixed assets +€23,920
up €23,920 (+168%), from €14,226 to €38,146
of which Furniture and vehicles: +€32,134
- Cash -€5,624
down €5,624 (-3.9%), from €144,409 to €138,785
mainly Contributions, distributions and other (-€93,642) and Investment in fixed assets (net) (-€32,540)
- Receivables within one year -€5,468
down €5,468 (-53.7%), from €10,187 to €4,719
of which Other amounts receivable: -€5,568
- Deferred charges and accrued income +€4,030
up €4,030 (+18.9%), from €21,374 to €25,405
- Tax, wage and social debts -€16,018
no longer reported in 2025 (was €16,018)
- Other debts +€14,163
up €14,163 (+8.2%), from €172,816 to €186,979
- Debts after one year +€12,004
new in 2025: €12,004
- Current portion of long-term debt +€4,853
new in 2025: €4,853
- Gross operating margin +€44,485
up €44,485 (+51.4%), from €86,600 to €131,084
- Taxes +€9,125
up €9,125 (+50.0%), from €18,256 to €27,382
- Depreciation +€4,755
up €4,755 (+123%), from €3,865 to €8,620
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €190,196 | €207,054 | +€16,858 | +8.9% |
| Fixed assets | 21/28 | €14,226 | €38,146 | +€23,920 | +168% |
| Tangible fixed assets | 22/27 | €14,226 | €38,146 | +€23,920 | +168% |
| Plant, machinery and equipment | 23 | €3,051 | €2,626 | -€425 | -13.9% |
| Furniture and vehicles | 24 | €3,386 | €35,520 | +€32,134 | +949% |
| Assets under construction and advance payments | 27 | €7,789 | - | -€7,789 | |
| Current assets | 29/58 | €175,970 | €168,908 | -€7,062 | -4.0% |
| Amounts receivable within one year | 40/41 | €10,187 | €4,719 | -€5,468 | -53.7% |
| Trade receivables | 40 | - | €100 | +€100 | |
| Other amounts receivable | 41 | €10,187 | €4,619 | -€5,568 | -54.7% |
| Cash at bank and in hand | 54/58 | €144,409 | €138,785 | -€5,624 | -3.9% |
| Deferred charges and accrued income | 490/1 | €21,374 | €25,405 | +€4,030 | +18.9% |
| Total equity and liabilities | 10/49 | €190,196 | €207,054 | +€16,858 | +8.9% |
| Equity | 10/15 | €1,000 | €1,000 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable | 17/49 | €189,196 | €206,054 | +€16,858 | +8.9% |
| Amounts payable after more than one year | 17 | - | €12,004 | +€12,004 | |
| Financial debts | 170/4 | - | €12,004 | +€12,004 | |
| Amounts payable within one year | 42/48 | €189,196 | €194,050 | +€4,854 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | - | €4,853 | +€4,853 | |
| Trade debts | 44 | €362 | €2,218 | +€1,856 | +512% |
| Suppliers | 440/4 | €362 | €2,218 | +€1,856 | +512% |
| Taxes, remuneration and social security | 45 | €16,018 | - | -€16,018 | |
| Taxes | 450/3 | €16,018 | - | -€16,018 | |
| Other amounts payable | 47/48 | €172,816 | €186,979 | +€14,163 | +8.2% |
| Non-recurring operating income | 76A | - | €100 | +€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,865 | €8,620 | +€4,755 | +123% |
| Other operating charges | 640/8 | €511 | €644 | +€133 | +26.0% |
| Gross operating margin | 9900 | €86,600 | €131,084 | +€44,485 | +51.4% |
| Operating profit (loss) | 9901 | €82,223 | €121,820 | +€39,597 | +48.2% |
| Financial charges | 65/66B | €229 | €797 | +€568 | +249% |
| Recurring financial charges | 65 | €229 | €797 | +€568 | +249% |
| Profit (loss) for the period before taxes | 9903 | €81,995 | €121,023 | +€39,029 | +47.6% |
| Income taxes | 67/77 | €18,256 | €27,382 | +€9,125 | +50.0% |
| Profit (loss) for the period | 9904 | €63,738 | €93,642 | +€29,903 | +46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €63,738 | €93,642 | +€29,903 | +46.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.